Neolamarckia cadamba is one of such ayurvedic remedy that has been mentioned in many Indian medicinal literatures. This article discusses about the medicinal values of Neolamarckia cadamba. In this communication, we reviewed the morphology, microscopy, phytochemistry of Neolamarckia cadamba and its application in the treatment of various ailments like diabetes mellitus, diarrhoea, fever, inflammation, haemoptysis, cough, vomiting, wounds, ulcers, debility and antimicrobial activity. The major constituents of the plant are triterpenes, triterpenoid glycosides, flavanoids, saponins, indole alkaloids; cadambine, cadamine, isocadambine, isodihydrocadambine. This work discusses the investigations made by various workers related to chemical constituents, pharmacological action and toxicological studies of this plant since years till date.